Oil Rises as Gains in Equities Futures Signal Demand May Climb - Bloomberg

By Margot Habiby April 7 (Bloomberg) -- Crude oil rose as U.S. and Asianequity futures gained, signaling that some investors expecteconomies to stabilize, boosting demand for energy.

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Oil rose as much as 0.7 percent as the Standard & Poor’s500 June futures and Nikkei 225 June futures advanced. U.S.stocks fell for the first time in five days yesterday, pullingoil prices lower, after Mike Mayo , an analyst at CalyonSecurities USA Inc., advised selling bank shares. “The equity markets are climbing back and are up afterhours, and the Asian markets are trading quite a bit higher,”said Tom Hartmann , a commodity analyst at AltaVest WorldwideTrading Inc. in Mission Viejo, California.

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